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and this is all going to put more sales in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you are soon going to hear from dan
and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we are from the low point until where we are today, san francisco is looking a little bit better and oakland is not a member city and they randomly take 20 cities that are plead broadly representative of the housing market and san francisco is the second line on here and posted as one of the naysest paces of recovery and so we get some help from residential construction and we also get help from securelier spending this is what i'm showing here and this is the debt service ratio and it's an interesting concept if says if you add up my mortgage payment and car payment and any ot
to be made by car, then there would be no more amsterdam economy because no one would be able to move about. there would be one giant traffic jam all day. so the bike is the grease in the amsterdam economy. you have to build less highways, you have to build less parking garage. you put the bike -- use very little space. where you have to build parking garage, they're very expensive. there are recent surveys that companies pay up to 30,000 euros, that's $50,000 per year per person to have them traffic by car to work, where as a bike costs only 250 euros so there are large benefits at stake. also, there is lots of surveys that show that people who live in towns where there is more cycling, people like to live there better than in towns where there is less cycling. there are an overwhelming lot of advantages on cycling and i'm going to put some -- and then this is what oakland should do as few of them -- recommendations that are put together oakland also could be used for san francisco. one thing is, if you want to have these advantages, for instance, if you're scared about all the money that
the economy. >> we want to make sure the people know the event is happening this year. >> reporter: the new organizers say it will be scaled back. >> we're not going to have 7 stages. we'll go back to the way it started. >> reporter: new organizers say they need corporate sponsors. after this year they'll work on a five year plan to keep it out of jeopardy in the future. >>> ktvu learned that a man shot do death was under surveillance in a homicide. we're told the driver was a person of interest in a homicide in san jose last week. police say the driver accu celebrated toward an officer and the officer opened fire. some neighbors are questioning the use of force. >> too extreme. there are a lot of kids and people out. >> i would think they would have some precaution or back down a little bit. >> the driver died at a hospital. his name has not been released. >>> cal train says a pedestrian was killed on the tracks this afternoon. a north bound train struck the pedestrian south of the deer don station ju
stimulus continues to help the economy and lists believe he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area, stay tuned for more news weather and traffic. . >>> carnival triumph was crippled by an engine fire leaving more than 4,000 people stranded but they will not be back until june 15th which means an extra 10 cruises will be canceled. >>> san francisco attorney wants the federal government to crack down on energy drinks. they are urging the fda to require the amount of caffeine to the put on the label. five deaths have been linked to the drinks and the company that makes the drinks say it is safe. >>> they have linked obesity to sugary drinks and the number comes from the
expect, eating and drinking the fans are doing a lot to stimulate the downtown economy. here is david louie. >> downtown san jose has bean teaming all day with game goers. one of the sports bars was packed at 10:30 in the morning. >> it's nonstop. all day long. all hands on deck. >> the fans were thirsty. beer was flowing continuously. the tabs kept mounting. san jose downtown association is says fans will pump one million dollars maybe more into the local economy. ken from boston ran down the numbers. he has tickets to all four games today. >> thousand dollars to fly down here, $500 for the tickets, two nights in a hotel, another $500, going out, $4,000. >> two brothers saw a golden gate golden opportunity to sell balloons. >> this will a weekend. >> couple hundred dollars? >> maybe around there. >> the scalpers are making a few bucks bu they avoided our camera. the games do no other thing can do, steady flow of people needing to drink and eat at certain times. business owners are ecstatic. number of pizzas they are selling. >> we are prepared to do those. so far we made up thousand
encouraging news for the recession battered bay area economy. some good signs of recovery. there is some growth. exception is san jose. david louie joins to us explain. >> some are suffering from a case ever sagging supply and demand. the number of flights operating here as dropped for the past five years. down 3% just in the past year which led to a kor spending nearly 1% drop in passenger traffic. $1.3 billion went into building a terminal b modernizing terminal a. this gets high marks for appearance and convenience. >> it's clean, nice. fast. and i live in san francisco. and you can get back and north a cab. sometimes you get stuck in traffic. it's not faster. >> you can tell from a few shuttered restaurants that the expanded airport isn't operating anywhere close to capacity. eight million passengers flew and n.and out last year. a new common used lounge called the club is an example of the facilities built to draw more passengers. good news is that virgin america is coming to san jose in may. and al-nippon plans to resume tokyo flights. >> we have tremendous capacity here and we're
. the world economy hit another speed bump today. once again they came from europe. this time in a good old fashion bank run. cbs news reporter on the tax plan that emptied out the atm's. >> there is growing anger. hundreds gathered in the streets to protest their bank accounts. they were trying to pull their money out. and that the banks will shut down at least until thursday as they are waiting for the banks to reopen. >> it is our time to draw all that money. we can't trust them anymore. yeah, it's sick. >> reporter: the secret administrators met on monday to discuss a plan. the government wants to take money from their citizens to help with the troubled financial system in the country. lawmakers are expected tvote on the package on tuesday. the proposal to take money directly from peoples accounts have never been done before. markets around the world fell up here in london, but opened up with a triple drop. >> it sort of goes with the primal fear of people that will protect their nest egg for the future. and that it will disappear. >> reporter: it is leading to their demonstrations acro
and frankly at an -- promising a lot of our time to chinese investors and really an international economy but we are looking at not just across the country but to invest and -- in the bay area and it's not goal of -- 50% there and to ed we are a region and many of these companys are going to be make this horizontal and vertical -- chinese investors in the entire bay area and so they have to have it's a different game. and you know, texans have to live there. the reality is that this is one of the most beautiful places with the best whrr and -- [inaudible] company that is going to for tech assistance on your software and you get somebody in india well they are actually -- because oakland they are putting a call center in oakland to get a quicker turn around and -- in many languages and that is an innovation because of the diversity and depth of the talent in the bay area. >> prop 30 doesn't make economic development harder or is that an issue >>> well it may be a challenge for certain types of companies but i do think that our investments as mayor khan said increasing the quality of
they count on the events. >> it brings in a lot of money and helps the economy. >> what we want to do is make sure people know the event is happening this year. >>reporter: the new organizations say that the large festival will be scaled back. >> we're not going to have seven stages. what we're going to go is go back to the way it started. >>reporter: residents gathered this evening to help organize and raise money. >>> proposed ban on assault weapons has little chance of surviving. it will not be part of the initial gun control measure that will be debated this month. the senator was told today that the band will be offered as an amendment. it is expected to be met with solid opposition from republicans. >>> a new hand book has a death to the laws of war to cyber space. the manual was created at the request of a nato sink tanking to show how hospitals and neutral nations can be protected in the case of warfare. >>> apple today launch and update to its ios operating system. it fixes a flaw that allows unauthorized users to get around the password lock screen on iphones, ipads, and itouches. >
after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on proposition 8, which is california's ban on same-sex marriages. next tuesday, the court will hear arguments for and answer prop 8 along with another same- sex marriage case. that worn the challenge to the federal defense of mare arc -- marriage act. the supreme court said they would release same-day audio presented. the court rayly does that. but they did not mention television coverage which legal experts say that probably won't be allowed. >>> a bay area consumer group is warning about potential hidden fees with the municipal identification card. the city key created the i.d. cards in part for undocumented immigrants. a debit function was added to offer bank
a statement side saying the economy has strengthened but still needs support toey lower unemployment. it plans to keep interest rates low until unemployment falls to 6.5%. the rate is now at a now year low at 7.7%. >> this will also help push for stocks. nasdaq rose. >>> shopping made easier, the new program, major big box retails preparing to offer in the south bay. >>> in heyward, the downtown hoop is getting some action. the project wrapped up, converted several major two way streets to one way streets. the cities it's received e-mails both praising and criticizing it. the drivers aren't n place aren't enough, some drivers say. the cities it's working on it. >> the concern is having valid with the changes that have been made not having the signs up to make it a little bit more confusing for people to recognize where they are, for the landmarks, and in the other direction, it makes it easier. >> some businesses say they were affected when construction started but it's slowly getting better. >>> there's a new round of controversial ads coming to san francisco with antimuslim messages. the new
or the kids fun run. it helps the city's economy and it is good for the city's morale. >> across the country i have seen these marathons have an opportunity to bring the community together. >> after the races the public is invited to the celebration village for live music, food, drinks, games and an award ceremony. >>> a nice day today. temperatures warmed up. temperatures across the country that aren't warm. on the east coast. ohio valley tomorrow, in that area, flight delays. for us, winds, gale warming in effect till 3:00 tomorrow. wind gusts could get up over 40 miles per hour off shore. be prepared for gusty winds. especially north. these are the temperatures for right now. 66 in antioch. 66 in fairfield. we had upper 60s and low 70s today in the warmest spots. most cities low 60s. temperatures tomorrow warm further. 69 fairfield. 67 napa. 65 morgan hill. highs tomorrow come up another 5 degrees. sunday, warmer still. saturday and sunday, warmer still. over night lows, 30s and 40s. nice looking bay area, 72 hours, we have rain in the forecast, but it is down the road, middle of next week.
. that is a good thing. >> reporter: in the improving economy the public offerings have done well this year. >> it shows there is confidence coming back into the marketplace when you see all of these ipos coming to the marketplace. >>> one reason they are attractive these days compared to government bonds and pass book saving accounts that pay nothing if you are willing to take a little bit of a risk in the stock market you really can make some money. >> we could have up to 33ipos raising about $8.5 billion in revenues, that is positive for the market. >> the only worry that investors drove marins prices artificially high like facebook. that is lingering below the initial offering price. back to you. >>> it looks like tkpwaog sell is hopping on the smart watchband wagon. the company is exploring making a watch with android technology that would connect with its smart phone. google has made a splash with the internet connected glasses thank you see there. they are already in the works. apskpel samsung are working on watches. no word when the google watch could hit the market. >>> the camp su
rose on wall street after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on proposition 8, which is california's ban on same-sex marriages. next tuesday, the court will hear arguments for and answer prop 8 along with another same- sex marriage case. that worn the challenge to the federal defense of mare arc -- marriage act. the supreme court said they would release same-day audio presented. the court rayly does that. but they did not mention television coverage which legal experts say that probably won't be allowed. >>> a bay area consumer group is warning about potential hidden fees with the municipal identification card. the city key created the i.d. cards in part for
. >> >> march madness is under construction here at hp pavilion. great for the fans, an economy onto itself. >> >> back here in 10 minutes, you noticed increasing clouds. there is rain in your future. how much you could get and what areas that will see the most. . >>> tom baker live at hp pavilion with the economic boost the ncaa tournament will provide. >> tom? >> reporter: it could be about $20 million. thanks to the big boost from the ncaa, the shark tank is going to be money in the bank for a lot hoff l of local businesses. >> reporter: they must fit together -- these pieces must fit together in a specific order and they must fit together perfectly. >> just 24 hours ago, we found out which teams would be coming. that, right there, means there is a lot more work that needs to be done between thousand an thursday. >> eight teams, including oregon, unlv, oregon drawing fans from far and wide. >> definitely want to see syracuse. you don't get to see east coast teams play over here. >> price seems not to be a hurdle. >> it's defendnily doable in
. march madness is coming to town this week. we have a ground floor look at how this city and the economy is getting ready. there are renovation projects and then there is this. crews laying down the floor where march madness will happen inside hp pavilion. >> and a feather in the cap for this building. >> reporter: putting the arena in the national spot light with teams and fans from all over the country to follow. >> we are going to be showcasing our building on tv to a national audience. that is great exposure for the building and the city of san jose to showcase as not only a great athletic city but one of the great in the united states. >> reporter: the benefits will be felt outside hp pavilion. downtown san jose restaurants and hotels will be packed this week. >> we will be sold out starting tomorrow through saturday. >> reporter: as visitors pour money into a south bay economy that has been on a tech fuelled housing boosted roll. >> we anticipate being sold out with reservations and dinner parties. we have several private dining rooms booked for officials and special dinners and st
it has had to close, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting ceremony there will be last minute road reconfiguration work that crews will have to do. and later on today possibly first thing tomorrow morning the two tunnels will be open to the public to drive through. live this morning near pacifica alex savidge. >> 6:07. sal, you know we all have met kathy one of our regular tweeters. >> she is going to be very excited. she is going to report to us and let us know. >> i would be excited too. because you know it will be a lot safer to drive through there. especially in the wintertime. let's take a look we've been watching highway 101 this morning and highway 1 and highway 280 the whole thing. it is moving along very nicely if you are dr
, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting ceremony there will be last minute road reconfiguration work that crews will have to do. and later on today possibly first thing tomorrow morning the two tunnels will be open to the public to drive through. live this morning near pacifica alex savidge. >> 6:07. sal, you know we all have met kathy one of our regular tweeters. >> she is going to be very excited. she is going to report to us and let us know. >> i would be excited too. because you know it will be a lot safer to drive through there. especially in the wintertime. let's take a look we've been watching highway 101 this morning and highway 1 and highway 280 the whole thing. it is moving along very
and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. >>> this morning, it's time to talk tech with mario's top three. today's digital lifestyle contributor, mario armstrong, has rounded up the biggest stories of the week in the world of gadgets, apps, and social media. mario, good morning. >> good morning. >> quickly show the socks. very socks. very cool. let's move on. march madness -- >> yes. >> -- you can't always sit in front of your tv. >> no. >> you want to check your bracket, you have great ways to do it. >> there's an app that's free, march madness live, so you can watch
revenue-neutral tax reform we want to say, we want to leave more money in the economy and reduce taxes. when ronald reagan did it we had 7% growth in one year and that is the bold leadership we need but it's not a new principle. we don't have to reinvent ourselves in that way but we have to stand on principle and unless you stand for something people are not motivated to vote for you. >> chris: let's talk about what you stand about, immigration. you came out with your ideas for a comprehensive plan this week and since then you are taking fire from both the right and the left. you call your plan for creating a legal status. not citizenship, but a legal status, for the 11 million folks who are already here, illegal immigrants who are here but taking fire from the right because you oppose the e-verify system which would make it easier for employers to check whether their workers are in fact legal or illegal. why would you oppose that? >> that's not the main part of my plan. the main part is trust but verify, we have to have border security and conservatives always wanted border security b
, an economy onto itself. >> >> back here in 10 minutes, you noticed increasing clouds. there is rain in your future. how much you could get and what areas that will see the most. . >>> tom baker live at hp pavilion with the economic boost the ncaa tournament will provide. >> tom? >> reporter: it could be about $20 million. thanks to the big boost from the ncaa, the shark tank is going to be money in the bank for a lot hoff l of local businesses. >> reporter: they must fit together -- these pieces must fit together in a specific order and they must fit together perfectly. >> just 24 hours ago, we found out which teams would be coming. that, right there, means there is a lot more work that needs to be done between thousand an thursday. >> eight teams, including oregon, unlv, oregon drawing fans from far and wide. >> definitely want to see syracuse. you don't get to see east coast teams play over here. >> price seems not to be a hurdle. >> it's defendnily doable in this market on these dayses. >> reporter: the teams and san jose will be seen by millions throughout television land. >> this is a
economy and we have invested in our city. so the year of 20 if we will, was about getting everything done. and when we did that, we were complimented by an unemployment rate that went in the last two years from 9.6% to as of december, 6.5% one of the lowest in the whole state of california that meant that 31,000 people got jobs in san francisco putting a lot more people back to work. today, when we run around our city, or ride around it or walk around it, you can count 26 criterions in the skyline of san francisco. that means thousands of good construction jobs, all residents being a portion of those constructions from the central subway to the new crudes ship terminal to the trans bay terminal that you see being constructed and the pictures of the new tour the tal tallest building west of the mississippi will be under construction shortly. nearly 11 million square feet of commercial office space was leashed out last year and 11 million is equivalent to 20 trans america buildings. half of which belong to the technology company that is have started here grown here and come here from oth
, if you want to compete in the global economy tomorrow, pal, you've got to embrace diversity. why does coca-cola write a brief to the united states supreme court and general motors and microsoft on issues of diversity and higher education? because they know if they want to get ahead, they've got to embrace that diversity. if they want to continue to be a fortunes 50 company, there's got to embrace diversity. similarly if we want to get down to the local level and address this issue, we've got to teach our kids that the sooner that you embrace difference and understand that your muslim classmate or your seat classmate or your gay classmate or your limited english professor classmate might be tomorrow's ceo or today's best friend of yours, the better off we will be. you have a leg up, having done about 30 jury trials across this country and seen interactions between people of diverse backgrounds. >> and here we try to celebrate, not just embrace, our diversity. celebrate all our interesting diversity but also celebrate the things that bind us together. ruslyn, does can urriculum nee
newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda packet and i'm going to be held accountable if you don't meet it. roslyn, let's pick up on tom's passion. he told me a couple points that are important, that is the consciousness awareness, this growing consciousness around bullying. and it's a question i guess that requires, has bullying gotten worse or have we gotten better to begin to recognize it? >> hard to know. tom and the president refer to as far too often as a rite of passage. we certainly are seeing evidence in ways that i don't recall, the levels of violence, the vitriolic violence, it's not just coming from the back of the school, it's c
stock price. the federal reserve chairman says the u.s. economy strengthened but needs the fed's help to keep interest rates low. the fed agreed to keep a $85 billion plan in place. >> now, wall street glad to hear hear thachl the dow shot up 55 points today up 11% since the first of the year. >> and safeway announced a money saving partnership in place for a couple weeks. you can now use your rewards points to get a discount of up to 20 cents a gallon. >> taking that home would be helpful. >> a local film maker once reserved for multi million dollar movie autos he said it's gear anyone can buy. >>> police on the peninsula zeroed in on two plus busy sections of el camino real today looking for drivers. you can see here how this narrowly missing being hit by cars. motorcycle officers then raced into traffic to stop drivers. >> locations identified with data. they're also identified by citizen complaints or business complaints. >> what can i say? you know? i said i did. you know? what i can i do? >> police say it took a strumpk driver off the streets. they arrested the man in fen low pa
stood by its plans to boost the economy. here are today's closing numbers. the dow was up 56 points. it briefly traded at an all-time high today. the nasdaq rose 25 points. and the s-and-p - was up 10 points. >> the senate has passed a huge spending bill to fund the government through the end of september. the bill would avoid a partial federal shutdown at the end of the month. a vote tomorrow in the house would send the measure to the president for his signature. it includes funding for the day-to-day operating budgets of every cabinet agency, and another 87- billion dollars for military operations in afghanistan and iraq. >> the unemployment rate for veterans dropped last year, according to a new labor report. but veterans still lag behind non-veterans in the job market. the jobless rate for veterans who served in the military since the 9-11 terror attacks dropped by two percent in 2012. >> rising gas prices are really taking a chunk out of people's monthly budgets. but now a bay area grocer is working with a local oil company -- to reduce prices at gas stations across northern ca
start the economy. it's suffering from low-grade deflation. let's check in on our numbers this morning. gains across the board yesterday for the dow. the nasdaq and the s and p and pulling up the latest futures which indicate slightly higher opening for the dow and the s and p. a drop on the nasdaq. more on the stocks to watch. one hit, hp held onto his position. they signal their displeasure over the $11 billion deal. four other board members have been criticized for one of the most expensive acquisitions in years. >>> one big tv network getting ready to shake up one of the longest, running tv shows, that could include a change of scenery. >>> an anniversary on alcatraz. what happened on the rock 50 years ago today. >>> jimmy fallon, steve allen, the network says it hasn't signed a deal yet with jimmy fallon. no specific timetable for the changes but most of the insiders say it's going to happen before the fall of next year. >>> another lawsuit tied to a teenage sex scandal claiming that the the voice of elmo through a crystal meth sex party for teenage boys he's now the 4th plan to s
: what does this do for oakland's economy? >> last year the economic impact was about $4 million. we expect it to be a little bit more this year. and also there is always the charity piece. number of charities are involved once again. we expect the race probably in the neighborhood of $400,000 for charity. >> reporter: you've got people coming here taking part in this race from all over the down from industry and the united states. the full marathon is the first race that will kick off here. that will happen a half hour from now at 7:30. we'll be here for that. for now we are live in oakland alex savidge ktvu channel 2 news. >> thanks. we do have more information about the race on our website just two to ktvu.com and click on hot topics. >>> secretary of state john kerry makes a surprise trip to baghdad. kerry has been meeting with the leaders with other middle eastern nations. earlier he traveled to saudi arabia and egypt. last week he accompanied president obama to egypt. this is kerry's first trip to iraq after becoming secretary of state. >>> pope francis celebrated his first pal
plagued by mudslides, rockslide, slip out. every time is at the close, the local economies have been devastated. this tunnel is a solution to a long-term problem. >> a rockslide a been a problem ever since highway one open up in 1937. more than 70 years and $149 million later, caltrans says drivers finally have a reliable way to get through this treacherous 1.3 mi. stretch of road. >> 7068 am and we will take a quick break and be back with headlines in just a moment. a live look at the san mateo bridge where traffic is moving all right. what's truly amazing about mercedes new mbrace2 system... is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my mercedes-benz. [ male announcer ] introducing mbrace2. the most comprehensive cloud-based telematics system on the road. it's your world, from your car. mercedes-benz. the best or nothing. start arwith the best. use usonly natural ingredient. makema something original. g
systems are go. ♪ >>> a bailout deal has turned to worry about the european economy. one analyst says europe still needs a long economic fix. >>> aaa reports gas prices are down slightly as more gas prices come back on-line with summer blend gas. as usual san francisco has the highest average price locally at $4.14 a gallon. $4.03 in oakland, san jose and santa rosa. those prices are down about a quarter from this time last year. >>> fedex made a giant overnight delivery in toronto this morning carrying two pandas from china. the pandas, a male and female will be on loan to the canadians for 10 years. the first five years at the zoo in toronto, the second five in calgary. the canada prime minister and china's prime minister were on happened to greet the pandas when they arrived. a police escort accompanied them to the zoo. we've learned two people were killed in a crash along highway 4 just after 10:00. a and we're told witnesses jumped into the water to try and save them. crews are talking to veriors and trying to find some of the witnesses. the latest at 5:00. >>> thank you for tr
who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marin
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
, the people of california care about most right now: the economy. >> 71% of likely voters say getting control of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are looking at a community much better than it was yesterday. we have slow downs obviously. let's take a look at the bay bridge. earlier minor crash. didn't last for too long. but the metering lights were turned on and slowed down for a bit. so it's a little worse than it normally is. backed up to the mc arthur maze. 30-35 minute delay. if there are no other problems on the bridge, this will begin to wind out and by 8:00 see an improvement. this morning's commute has been busy on 880 between hayward and fremont. we're talking about the livermore valley as well. westbound 580 slowing coming in over the pass. but no problems into castro valley. let'
to the local economy. >> especially the first two days of the ncaa tournament, a lot of upsets, you can hear all the buzz. people are pretty fired up here. fun environment. good couple of days for sure. >> it wasn't all good news for bay area teens. while cal advanced, st. mary's lost to memphis, almost coming back, 54-52, the final score. a tipoff scheduled for 6:40 tomorrow night. the 12th seat, definitely the underdogs. syracuse pounded montana, 81- 34. wow, the other big upset i have to mention, harvard seeded 14 14th, upset 3rd seat new mexico. harvard has only been in march madness three times, and this is the only time they've won. >> time now, 7:55. sal, i need you to behave yourself during this next game. >> okay. i will. i will. >>> good morning, everybody. let's go outside. i want to talk about the traffic that's getting busier to the commute. northbound, seeing people showing up past the coliseum. also, the bay bridge toll plaza we have a backup that's getting better. we had a slowup but now it's getting better. 880 is slow this morning, although that's improving well on the way
this in the capitalist political economy of the united states and indeed they sought and united with those engaged in systemic change in international political economic arrangements. the black panther party fought for a domestic and a global socialist system committed to the kinds of things that everybody cares about, equality, justice and human rights. from where josh and i said, this is the historical truth. fighting for revolutionary change is extremely difficult. it's often very very messy and the history of politics of the party confirms these particular positions. but when we go to a dominant historical narrative, the dominant popular cultural narratives that shape how many and perhaps most americans think about the party, you run into a barrage of misinformation and misinterpretation. and it's imperative that we understand that and as josh was sort of laying out, the official vilification, the official denigration and how that folds over into history and popular culture. so in popular understanding for example among a lot of people, the black panther party with this older black radicalism
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
's the view of economists who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to t
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the
on the annual event. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and desc
of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>> a few light showers
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